Examples of IDG Director in a sentence
For so long as any TDF Entity holds any Series A Share, the TDF Entities shall be entitled to nominate and appoint a Director from time to time to occupy one (1) seat of the Board (together with the IDG Director, collectively, the “Series A Directors”, each a “Series A Director”), to remove such Director occupying such position and to fill any vacancy caused by the resignation, death or removal of such Director occupying such position.
For so long as IDG or its Affiliate is entitled to appoint a director to the SouFun Board (the “IDG Director”), the Founder shall vote or cause to be voted all of the shares of SouFun beneficially owned by him in favor of the election or re-election (as applicable) of the IDG Director.
Subject to applicable Laws, for so long as IDG is entitled to appoint the IDG Director, the Investor shall inform the Founder in good faith with written notice any investment by any investment funds managed by IDG or its Affiliates in any of the SouFun Competitors before the consummation of such investment.
Kingsoft or the Company shall have the right to require IDG Investor to re-designate a person as the IDG Director as soon as practicable but in no event later than 180 days after delivery of such notice if, in the good faith reasonable opinion of the Board, the incumbent IDG Director (a) engages in business in competition with the business of the Group Companies, (b) is employed by or otherwise provides services to a Competitor, or (c) directly or indirectly holds equity interest in a Competitor.
The approval of the IDG Director set forth in Article 105 shall not be required if (i) any of the actions set forth in Article 105 other than those set forth in Article 105(c) are for the purpose of completing an IPO or (ii) the IDG Director fails to participate in the board meeting duly called to approve such action after being duly notified in writing by the Company in accordance with the Articles together with a meeting agenda that included such action.
In such event, such incumbent IDG Director shall, immediately upon the determination of the Board pursuant to this Agreement, cease to have the rights associated with the director positions of the Group Companies, including the right to participate in board meetings, right to access to information and right to vote at board meetings.
In addition to such other limitations as may be provided under applicable laws and in the Restated Articles and subject to Section 8.1, any merger or acquisition transaction of the Company with a total consideration value of more than US$10,000,000 shall require at least six (6) affirmative votes of the Board, including at least three (3) affirmative votes of any of the Series E Directors, the Series D Director, the Morningside Director or the IDG Director.
Nine (9) Directors (including the IDG Director, the AMC Director, the Minsheng Director, the Metawit Director and the FutureX Director (for so long as the IDG Director or the AMC Director or the Minsheng Director or the Metawit Director or the FutureX Director has not been removed pursuant to these Articles)) then in office shall constitute a quorum.
The IDG Investors, for so long as the IDG Investors hold, in the aggregate, at least five percent (5%) of the aggregate number of the Preferred Shares and any Shares resulting from the conversion or exchange thereof, may appoint one (1) person to be a Director (the “ IDG Director”) and may in like manner remove with or without cause the IDG Director so appointed and may in like manner appoint another person in his or her stead.
Except as provided for elsewhere in these Articles, the removal and dismissal of the CFO requires approval of at least five (5) Directors, including the affirmative vote of at least three (3) affirmative votes of any of the Series E Directors, the Series D Director, the Morningside Director or the IDG Director, acting at a duly convened Board meeting.